Active support for the Korean version of the New Deal to strengthen future growth engines
[그린포스트코리아 박은경 기자] Woori Geum Group is spurring support for New Deal financing to promote the Korean version of the New Deal.
On the 28th, Woori Financial Group announced that it will launch a public participation policy-type New Deal Fund and the group’s own New Deal Public Offering Fund,’Woori Smart New Deal 30 Target Convertible Securities Investment Trust No. 2’from the 29th.
The National Participation Policy New Deal Fund is a private equity indirect public offering fund that mainly invests in equity and mezzanine securities issued by companies in the New Deal sector, and will be sold through Woori Bank branches from the 29th. It is a structure that protects fund investors from losses by subordinately investing 21.5% of government fiscal funds and private equity managers.
In addition, Woori Asset Management, a subsidiary of Woori Financial Group, is also launching’Woori Smart New Deal 30 Target Convertible Securities Investment Trust No. 2′. ‘Woori Smart New Deal 30 Target Convertible Securities Investment Trust No. 2’is a New Deal-related public offering fund, invested in growing companies and public offering stocks, and converted into a bond-type fund when the target yield of 5% is achieved.
Woori Financial Group is also pursuing new deal financing by launching’Woori Smart New Deal Fund’ and’Woori Smart New Deal 30 Target Convertible Securities Investment Trust No. 1’in November of last year and January of this year.
In addition, Woori Global Asset Management, a subsidiary of Woori Financial Group, created a New Deal Infrastructure Fund worth 200 billion won in November last year, investing in smart logistics facilities related to New Deal, and will create an additional Green New Deal Fund worth 100 billion won in the second quarter.
The Green New Deal Fund will be funded mainly by group companies and major customers, and will be specially invested in new and renewable energy fields such as solar power generation and onshore and offshore wind power generation.
An official of Woori Financial Group said, “Woori Financial Group is actively supporting the Korean version of the New Deal to strengthen the future growth engine of the national economy. The group will also lead the New Deal Finance by discovering new business opportunities and expanding new customers.” .
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